ICE

Intercontinental Exchange Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Intercontinental Exchange Inc. (ICE) announced a profit for its second quarter that Increased from last year and beat the Street estimates.

The company's bottom line came in at $851 million, or $1.48 per share. This compares with $632 million, or $1.10 per share, last year.

Excluding items, Intercontinental Exchange Inc. reported adjusted earnings of $1.04 billion or $1.81 per share for the period.

Analysts on average had expected the company to earn $1.77 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.8% to $3.26 billion from $2.89 billion last year.

Intercontinental Exchange Inc. earnings at a glance (GAAP) :

-Earnings: $851 Mln. vs. $632 Mln. last year. -EPS: $1.48 vs. $1.10 last year. -Revenue: $3.26 Bln vs. $2.89 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.